InternetNews Staff

Major broadband service provider NorthPoint Communications Inc. Thursday closed on $250 million of secured credit facilities. The sole lead arranger and syndication agent for the credit facilities, which consists of $250 million in committed financing and $50 million in the form of a pre-approved incremental facility, is Goldman Sachs Credit Partners L.P. (GS). NorthPoint (NPNT), […]

I recently had the opportunity to sit down with VerticalNet’s President and Chief Executive Officer Mark Walsh. Among other things, we discussed Mark’s thoughts on the entire B2B landscape and also what we can expect from VerticalNet going forward. In Part I, Mark Walsh talks about the broad face of B2B commerce. Part II Friday […]

High-speed ISP DSL.net Inc. Thursday deployed a new operations support system (OSS) to automate its supply chain process and improve digital subscriber line (DSL) sales. DSL.net (DSLN), which offers broadband solutions to small- and medium-sized businesses, rolled out a system designed to enable customers to verify the availability of DSL.net service in their area and […]

Freeserve partner GlobalNetFinancial.com announced Thursday that it has raised around $70 million from European investors and through a public listing in the UK. Trading of the new shares started Thursday on the London Stock Exchange and on the Alternative Investment Market (AIM) under the symbol GLFA. “Due to our ever expanding business activities as an […]

Three hot Internet IPOs added fuel to the fire on Wednesday, as specific Internet issues continued zooming ahead. Andover.net, Agency.com, and NetRatings contributed to the surge, despite Yahoo! putting somewhat of a damper on the party. GoTo.com (GOTO) was added to the ISDEX and saw its shares rally 5-1/2 higher to 92-3/16. internet.com’s Internet Stock […]

Icon International Wednesday raised $95 million of financing to fund its impending e-business company. Icon, a leading surplus and excess inventory solutions provider with annual revenues of $120 million, will use the money to complete the development of a Web site where clients may conduct business-to-business transactions to buy and sell goods and inventory. In […]

iPIN has deployed its new payment solution with French ISP Club-Internet as one of its first ISP partners. The new technology, which allows the customers to be billed via their ISP and not by the merchant site, will now be available to Club-Internet’s 300,000 subscribers. To open an iPIN account, users access a specific site […]

Qwest Communications International Inc. Wednesday said it has completed its high-speed fiber optic and broadband build in Canada, and is now set to offer advanced IP services in the region. Qwest (QWST) completed a 4,300-mile high-speed fiber-optic network in Canada, racking up the company’s total infrastructure to more than 24,500 miles. The Canadian section is […]

Cable modem service has assumed a commanding early lead over DSL in the race to provide high-speed Internet access to U.S. homes, according to a study by International Data Corp. However, IDC expects DSL to surpass cable access eventually. The IDC study says that more than 1.3 million U.S. households will connect to the Internet […]

Netscape Communications Tuesday unveiled its redesigned online presence, Netscape Netcenter, complete with features specifically for business professionals to organize their work and personal lives. Netcenter’s updated resources include easier navigation, enhanced daily news and business programming and personalized features. Measurement firm Media Metrix recently reported that Netcenter is one of the five most visited sites […]

Internet issues finished up higher again Tuesday on the eve of Yahoo’s official entrance into the S&P 500, although blue chips weren’t as lucky. internet.com’s Internet Stock Index finished up 33.58, or 4.42 percent, to 793.67, the Nasdaq Composite gained 40.83 to 3586.84 and the Dow Jones industrial average lost 118.36 to 11106.65. Yahoo! (YHOO) […]

Inprise Corp. joined Sun Microsystems’ product roll-out rampage Tuesday by co-producing a Linux version of the Java 2 Platform, Sun’s most current programming language. The deal enables programmers to develop and run applications based on the Java 2 platform and deploy them on Linux workstations and servers, as well as simplify moving existing Java applications […]